The hiring and training costs of new employees is increasing year on year and is incredibly time consuming for small to medium sized businesses. The constant competition from other firms offering work perks, incentives, health plans and more means that you as an employer must adapt to remain a top pick for aspiring new applicants.
A simple and sometimes overlooked way of doing this is through simple acts of kindness, an appreciation for the person as well as their working ability and the promise of performance achievement celebrations. You want your employee to feel motivated to come to work and to leave feeling accomplished about the quality of work they have produced.
We’ve come up with some of our top tips for motivating your staff on a budget:
1- While cash incentives can be costly and are taxable why not try utilising a holiday based incentive scheme. This is a simple and effective way for employees to be recognised for their hard work and shows that managers/ directors have an appreciation for that hard work. This can be either a half or full day off and really gives a sense of hard work paying off!
2 – Flexible hours are a fantastic way to really open up your applicant pool when hiring for a new role and also showing your existing employees that you understand that working life doesn’t always fit neatly into a 9-5 day. Whether it’s a parent who needs to finish a little early to make it to a school play or a late start so that someone can do the airport drop off for a friend, flexible hours others something for everyone. The current Covid-19 pandemic is a prime example of how flexible working hours can impact a person’s sense of self worth and security especially when getting the slightly later train to avoid congestion. Is it time for you to join the flexible hours revolution?
3 – Remember to celebrate the good times. Birthdays, engagements and even promotions are all examples of how a work based celebrations can incentivise your employees. Try surprising them with a cake, a joint card and a token gift to make them feel appreciated.
4 – Nothing builds team motivation more than a trip outside the office. Whether to the pub for an informal drink on a thursday or a full day down the park for an office sports day; we promise that your employees will come into work happier and more motivated. It’s a simple way to show that you care.
5 – Now this may seem like an obvious one but rest assured these two simple words can go a long way… you guessed it – “Thank You”. Obvious right? The simple act of saying thank you to your colleagues can make all the difference. If it’s someone staying late to help close an account or even offering to wash up your mug at the end of the day, those two little words of appreciation are imperative to a healthy functioning office.
6 – Encourage professional development. With the internet offering so many free and accessible courses for professional development there really isn’t any reason why your employees aren’t progressing professionally. It’s important for you as an employer to recognise this and to take action to ensure that there is ample time each month for employees to improve their skill set and knowledge. This won’t just benefit them but it will also benefit you! As your employees grow so does your business. It’s cheap, it’s positive and it shows that you care.
7 – Provide the equipment they need to perform at their best. While this does require a small level of financial investment it will pay off in the long run. A new mouse, a pair of headphones or even a chair to help with back pain shows that you are willing to go that extra mile for your employees.
8 – Another simple but incredibly effective way is to allow for additional breaks here and there. Surprise your staff with an impromptu coffee break where you’ve provided the coffee and maybe even some cakes to share. It may seem simple but it will allow you to really get to know your staff and will allow them to see you as something other than just the boss.
There you have it, our 8 money saving incentives that will help you motivate your staff and boost office morale. We hope they help!